China Tourism Group Duty Free (SHSE:601888) First Quarter 2024 Results
Key Financial Results
- Revenue: CN¥18.8b (down 9.4% from 1Q 2023).
- Net income: CN¥2.31b (flat on 1Q 2023).
- Profit margin: 12% (up from 11% in 1Q 2023). The increase in margin was driven by lower expenses.
- EPS: CN¥1.12 (up from CN¥1.11 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China Tourism Group Duty Free EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 16%. Earnings per share (EPS) exceeded analyst estimates by 24%.
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Specialty Retail industry in China.
Performance of the Chinese Specialty Retail industry.
The company’s shares are down 5.9% from a week ago.
Risk Analysis
What about risks? Every company has them, and we’ve spotted 1 warning…